SPBVL Peru's market value is the price at which a share of SPBVL Peru trades on a public exchange. It measures the collective expectations of SPBVL Peru General investors about its performance. SPBVL Peru is enlisted at 29485.30 as of the 1st of December 2024; that is 0.74 percent decrease since the beginning of the trading day. The index's last reported lowest price was 29468.11. With this module, you can estimate the performance of a buy and hold strategy of SPBVL Peru General and determine expected loss or profit from investing in SPBVL Peru over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
SPBVL
SPBVL Peru 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPBVL Peru's index what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPBVL Peru.
0.00
11/01/2024
No Change 0.00
0.0
In 31 days
12/01/2024
0.00
If you would invest 0.00 in SPBVL Peru on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding SPBVL Peru General or generate 0.0% return on investment in SPBVL Peru over 30 days.
SPBVL Peru Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPBVL Peru's index current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPBVL Peru General upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPBVL Peru's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPBVL Peru's standard deviation. In reality, there are many statistical measures that can use SPBVL Peru historical prices to predict the future SPBVL Peru's volatility.
SPBVL Peru General retains Efficiency (Sharpe Ratio) of 0.056, which indicates the index had a 0.056% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for SPBVL Peru, which you can use to evaluate the volatility of the index. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SPBVL Peru are completely uncorrelated.
Auto-correlation
-0.62
Very good reverse predictability
SPBVL Peru General has very good reverse predictability. Overlapping area represents the amount of predictability between SPBVL Peru time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPBVL Peru General price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current SPBVL Peru price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.69
Residual Average
0.0
Price Variance
215.4 K
SPBVL Peru General lagged returns against current returns
Autocorrelation, which is SPBVL Peru index's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPBVL Peru's index expected returns. We can calculate the autocorrelation of SPBVL Peru returns to help us make a trade decision. For example, suppose you find that SPBVL Peru has exhibited high autocorrelation historically, and you observe that the index is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
SPBVL Peru regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPBVL Peru index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPBVL Peru index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPBVL Peru index over time.
Current vs Lagged Prices
Timeline
SPBVL Peru Lagged Returns
When evaluating SPBVL Peru's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPBVL Peru index have on its future price. SPBVL Peru autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPBVL Peru autocorrelation shows the relationship between SPBVL Peru index current value and its past values and can show if there is a momentum factor associated with investing in SPBVL Peru General.
Regressed Prices
Timeline
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.